Soaring housing costs causing living wage to increase in Metro Vancouver
(Vancouver) The cost of raising a family in British Columbia increased slightly from 2017 to 2018. And if it hadn’t been for reductions in Medical Service Plan premiums and child care costs, the increase would have been higher, says the Living Wage for Families Campaign.
A $20.91 hourly wage is needed to cover the costs of raising a family in Metro Vancouver, up from is $20.62 per hour in 2017. This is the hourly wage that two working parents with two young children must earn to meet their basic expenses (including rent, child care, food and transportation), once government taxes, credits, deductions and subsidies have been taken into account. The cost is calculated annually in Working for a Living Wage : Making Paid Work Meet Basic Family Needs in Metro Vancouver, a report published by the Canadian Centre for Policy Alternatives’ BC office, First Call: BC Child and Youth Advocacy Coalition and the Living Wage for Families Campaign.Read more